The Organization of the Petroleum Exporting Countries (OPEC) has announced that the UAE economy continues to grow strongly, especially in non-oil sectors such as real estate, tourism and manufacturing.
Publish dateWednesday 14 August 2024 - 12:28
Housing, water, electricity, gas and other fuels rose 6.7% year-on-year in June, according to OPEC.
Food and beverage inflation remained relatively flat, rising slightly to 2.4 percent in June, up from 2.3 percent in May.
The United Arab Emirates has finalized a Comprehensive Economic Partnership Agreement (CEPA) with Mauritius, which aims to eliminate tariffs and boost trade.
This CEPA will further strengthen the UAE's trade and diplomatic ties in Africa and is expected to support economic diversification efforts, particularly in the non-oil sector.
Strong economic policies and international strategic partnerships put this country in a strong position to maintain its upward trajectory and further diversify its economy.
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Source : news agency wam
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